TWO WHEELER LOAN

100% Two-wheeler finance can be availed by ICICI Bank pre-approved customers. We also offer the same to prospective buyers based on proof of income.

Anyone over 21 years of age can apply for an ICICI Bank Two-wheeler Loan.

The EMI for a Two-wheeler Loan depends on factors like Loan Amount, Tenure and Interest Rate. Use a bike EMI calculator to estimate your monthly payments accurately.

Two wheeler Loan Interest Rates vary based on the Loan Amount, Tenure and borrower's creditworthiness. Interest rates on ICICI Bank Two-wheeler Loans range from 10.25%* to 26.10%.*

The Two-wheeler Loan application process involves filling out an application form, submitting required documents (ID proof, address proof, income proof) and Bank verification.

The minimum credit score required for Two-wheeler finance varies based on the lender. Generally, a score of 750 or above is considered favourable, but some lenders may offer loans to applicants with lower scores.

Yes, most lenders like ICICI Bank allow prepayment of the entire Two-wheeler Loan amount. However, there may be certain charges associated with any prepayment charges or specific conditions for the same. With ICICI Bank, it is 5% + applicable GST on the Principal outstanding.

To reduce the interest rate on a Two-wheeler Loan, maintain a good credit score, choose a shorter tenure, make a higher down payment and negotiate with the lender for lower rates

You can reduce the processing fees on Two-wheeler finance by comparing offers from different lenders, negotiating with the lender for waivers or discounts and ensuring that you meet all eligibility criteria to avoid additional charges.

ICICI Bank offers Two-Wheeler Loans to Indian nationals aged between 21 and 65 years, whether they are salaried individuals or self-employed. Applicants must have a credit score of 700 or above to qualify for the loan.

Apart from Two-Wheeler Loans, ICICI Bank provides a wide range of financing options, including Personal Loan, Home Loan, Car Loan, Business Loan and Education Loans. These loans cater to diverse financial needs and offer competitive interest rates and flexible repayment options.